Question: Refer to workpaper 2 0 - 8 . Suppose there was a third transfer on the interbank transfer schedule for $ 1 6 , 5
Refer to workpaper Suppose there was a third transfer on the interbank transfer
schedule for $ Assume that the funds were transferred from the general cash account
to the payroll cash account. Also assume that the transfer was recorded in the clients cash
disbursements journal on and the check cleared the disbursing bank on
In addition, assume that the transfer was recorded in the clients cash receipts journal on
and was received by the receiving bank on Discuss the concerns
you would have about this transfer
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